NVIDIA (NVDA) Tops Q1 EPS by 7c, Offers Q2 Outlook

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NVIDIA Announces Financial Results for First Quarter Fiscal 2016

May 7, 2015 4:20 PM EDT

SANTA CLARA, CA -- (Marketwired) -- 05/07/15 -- NVIDIA (NASDAQ: NVDA)

Revenue of $1.15 billion, up 4 percent from $1.10 billion a year earlier Record GAAP gross margin of 56.7 percent, up from 54.8 percent a year earlier Decision to wind down or sell Icera modem operations Company to return $800 million to shareholders in fiscal 2016, raises quarterly cash dividend 15 percent to $0.0975 per share

NVIDIA (NASDAQ: NVDA) today reported revenue for the first quarter ended April 26, 2015, of $1.15 billion, up 4 percent from $1.10 billion a year earlier and down 8 percent from... More